THE KOG REPORT - Update

End of day update from us here at KOG:

As suggested in yesterdays update we were looking for the support level 2340 to hold price up and then for a push upside into the 2350, 2355 and above that the 2360-65 region. Excalibur guided on top of that giving us a precise entry level together with the red box strategy hitting not only our daily bias targets but also the Excalibur targets that activated.

So, what now?

As long as this support level keep the price up with the extension into 2335 we feel gold is looking for higher pricing. We have the KOG Report level which is a little higher than where we are so continue with the plan for now looking higher to potentially take that short trade. For now, it's playing a smaller range and it's expected to start whipsawing traders leading up to the last days of the month.

As always, trade safe.

KOG